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Author Topic: bitcoin is slowing down ?  (Read 1364 times)
bracek
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October 18, 2012, 12:29:25 PM
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average doubling time is now measured in months

what would you say, when the price will be double from today's ~12 ?

I have a feeling it should be at 20 by next summer,
but uncertainty about some kind of hostile legislation in the future
is stopping me from buying (more).
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luffy
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October 18, 2012, 12:36:27 PM
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i would prefer if the BTC buyers buy because BTC will be the future money and not in order
to sale higher and get dollars,eyro,...etc Smiley
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October 18, 2012, 01:22:40 PM
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i would prefer if the BTC buyers buy because BTC will be the future money and not in order
to sale higher and get dollars,eyro,...etc Smiley

wrong forum
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October 18, 2012, 01:41:18 PM
 #4

average doubling time is now measured in months

what would you say, when the price will be double from today's ~12 ?

I have a feeling it should be at 20 by next summer,
but uncertainty about some kind of hostile legislation in the future
is stopping me from buying (more).

hard to say, I think to boost doubling time again we need some change of fundamentals, like a major outlet that accepts bitcoin for example. Otherwise price will indeed creep up slowly and probably slow down further the higher it gets.

2 examples to justify my assumption:


http://www.gartner.com/technology/research/methodologies/hype-cycle.jsp

This is the normal curve of a new hyped technology (compare bitcoin all-time chart)

and



As you can see, every positive change in fundamentals (like the introduction of top selling products) delays the plateau of productivity and triggers a new hype. If we can achieve such change in fundamentals price will double in no time!
Mushoz
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October 18, 2012, 02:19:54 PM
 #5

average doubling time is now measured in months

what would you say, when the price will be double from today's ~12 ?

I have a feeling it should be at 20 by next summer,
but uncertainty about some kind of hostile legislation in the future
is stopping me from buying (more).

We had many months/years of high volatility. It's only natural it's followed with some stability. But volatility will return, it always does Wink

www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
Jack1Rip1BurnIt
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October 18, 2012, 06:56:20 PM
 #6

Those new innovations may be just around the corner. Did anyone here listen to Mike Hearn talk about "Smart Property" and "Contracts". It is some really interesting shit that's built into the Bitcoin protocol.

Successful trades with bels, misterbigg, ChrisNelson, shackleford, geniusboy91, and Isokivi.
notme
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October 18, 2012, 07:50:31 PM
 #7

Those new innovations may be just around the corner. Did anyone here listen to Mike Hearn talk about "Smart Property" and "Contracts". It is some really interesting shit that's built into the Bitcoin protocol.

I didn't hear that talk, but I read about contracts quite some time ago.  Here you go: https://en.bitcoin.it/wiki/Contracts

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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Stephen Gornick
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October 18, 2012, 08:13:41 PM
 #8

I think to boost doubling time again we need some change of fundamentals, like a major outlet that accepts bitcoin for example.

Or a major event happens, driving investment into bitcoins.  

Greece, Spain, Italy, .... Argentina, Iran, ... and now Mexico.    Bitcoin could rapidly gain traction as a complementary, parallel currency should there be further deterioration of certain government fiat currencies.

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